The one of the youngest and smallest-selling national newspaper, the Independent has been sold to former KGB agent and on of the Russian oligarchs, Alexander Lebedev for £1, from Irish publisher Independent News & Media (INM). INM has reported a pre-tax loss of €31m (£27.7m) in 2009. The paper had a daily circulation of 183,547 copies in February 2010, down from a circulation of over 400,000 in 1989, and 10.88% from the previous year. INM agreed to pay Lebedev £9.25m over the next 10 months to take on the future liabilities of the loss-making newspapers. Lebedev also bought the London Evening Standard last year for £1, and made its distribution tripled by making the paper free of charge. There is a speculation that the Independent will be free as well, but there is no decision as to whether it’s free or not, according to Lebedev spokesman.

Founded in 1986 by three former Daily Telegraph journalists, the Independent takes center-left / liberal political stance. The paper has also taken strong positions on environmental issues and against the restriction of mass immigration. It has been critical of 2003 Invasion of Iraq, and US and UK foreign policy related to the War on Terrorism. The Independent changed its format from broadsheet to ‘compact’ version from September 2003, and redesigned its layout in 2005. However, this couldn’t help the paper to get out of its financial trouble, due to the recession and reduced income from advertising.

M criticizes the Independent’s political position as too idealistic and too unrealistic. I am not a big fan of the Independent either, but I was addicted to the “Prize Super Sudoku” with 16×16 boxes on the Saturday Independent, and I bought the Independent only for the Super Sudoku for a while. I don’t know if it is due to its financial problem or some other reason, but the prize had been downgraded by time, and I lost my passion and stopped buying the paper. I had been doing it for about a year maybe, and I improved my Sudoku skills and won three prizes, £50 theater token and two books that I was not interested in and gave to my friends. During my addiction, M complained every Saturday as he had to read the Independent and I was so into it and stopped talking to him every time I started to play it.